Forex Gump Review: Does it Win or Lose?

Forex Gump

Forex Gump is an expert advisor with quite a short presentation that doesn’t answer all our questions about how the system works. It’s rare to see that the system doesn’t have a main statement that should convince us how cool the robot is. 

What is Forex Gump?

The system has the next features where many of them were predicted by us:

  • The advisor is a fully automated trading solution. 
  • The system opens deals frequently. 
  • It runs a Grid of orders trading strategy. 
  • The system places unique TP and SL levels. 
  • We have three levels of risk we can work with: High, Middle, and Low.
  • The main time frame to work with is M1. 
  • The advisor works 24/5. 
  • The minimal deposit requirements – $4000 or higher. 
  • Traders can also trade on a micro (cent) account with the minimal deposit of $40.
  • It supports unique multi currency strategy 9 currency pairs: AUDUSD, EURGBP, EURJPY, EURCHF, EURUSD, GBPUSD, USDCHF, USDCAD, and USDJPY
  • We don’t know why the system needs that much margin for trading on the M1 time frame. 
  • We should work with 1:100 leverage or higher. 

Official Forex Gump Website

The presentation is so simple and, frankly, it doesn’t look trustworthy. We are sure that the developers could spend more time on the presentation.

How Can We Use Forex Gump?

  • The robot is an automatic advisor. 
  • We have to pay for it.
  • We should follow instructions on how to install it on the terminal. 

Pricing & Refund

Forex Gump Pricing

We have two packages that vary by the number of licenses. The first pack costs 199 EUR and includes one real and one demo account. The second pack costs 399 EUR and includes three live and an unlimited number of accounts. The packages include free 24/7 support, free updates, and a 30-day money-back guarantee.

Verified ways to pay
  • There are verified ways to pay for the system. 

Trading Strategy

  • The robot uses an unnamed strategy with a Grid of orders. 
  • It opens orders on the next currency pairs: GBP/USD, AUD/USD, EUR/JPY, EUR/USD, EUR/CHF, EUR/GBP, USD/CAD, USD/CHF, and USD/JPY.
  • The time frame is the shortest one – M1. 

Trading Results

Real account  results

The robot has been running a real account. The deposit is $50,000. Since our last visit, it has increased to $10,000. The account was created on September 15, 2020. The developer has removed data between the 2018 and 2020 years. Since then, the balance has become $116,062. The margin in use is $7,009.69. The floating loss is -$35,365. Margin level is 1,151.2%.

Trading Results Chart

The total return is +132,1%. The average monthly gain is +12,2% when the average weekly return is +2.8%. The trading accuracy is 87,7%. The profit factor is 2.08. The average trade frequency is 17 deals a day. The robot is online for 305 days (it was over 1000 days). 

Average results

The risk to the reward ratio is 21.66. An average win is +$28.03 when an average loss is -$96.37. An average result is $12.78. The risk of ruin is 0.0%. An average trade length is 46.9 hours.

Most-traded symbols

The system works with more symbols than was mentioned in the presentation. The most-traded symbol is GBPAUD, with 420 orders. The #1 by gross profit is GBPUSD – $11,320. 

Trading Results

The robot works in both directions. 

Settings feature for cross pairs

There’s a settings feature for each cross pair. 

Most-traded days

The most-traded days are Thursday – 1084 orders.

System trading

It’s how the system traded before. 

System trading

It is how the robot works now. It opens orders during high-impact news periods. 

System trading

It’s how the system worked before. 

System trading

Now, it looks like this. 

System trading

There are short Grids of orders. 

What Are the Real Customers Saying about Forex Gump?

Profile on Forex Peace Army

There’s a profile of Forex Gump on Forex Peace Army. We have previous trading results with over 1000 days of online. 

User reviews

The only feedback can’t be represented because the system was changed several weeks ago. 

Other Notes

The trading results were “improved” by cutting previous trading results for the last two years. It’s a scam. The total win rate was 74%, not 80%. We have no idea how the system works in reality because the developers manipulate data. 

Summary: Is Forex Gump a Trustworthy EA?

Forex Gump
3 5 0 1
Forex Gump is a robot that uses a Grid strategy trading during the proper hours. The system works with many cross pairs sitting in huge drawdowns. The trading results were changed after removing two years of data. So, we can’t suggest you use this service because we don’t know if it’s viable and legal.
Forex Gump is a robot that uses a Grid strategy trading during the proper hours. The system works with many cross pairs sitting in huge drawdowns. The trading results were changed after removing two years of data. So, we can’t suggest you use this service because we don’t know if it’s viable and legal.
3.0 rating
3/5
Total Score
  • Strategy
    3.0 rating
    3/5 Neutral
  • Features
    3.0 rating
    3/5 Neutral
  • Trading Results
    3.0 rating
    3/5 Neutral
  • Reliability
    3.0 rating
    3/5 Neutral
  • Pricing
    3.0 rating
    3/5 Neutral

Pros

  • Real-account trading results provided

Cons

  • No team revealed
  • No risk advice given
  • No backtest reports provided
  • The developers manipulate with data
  • Trading results were “fixed”
  • No people feedback provided
  • We can’t be sure about a money-back guarantee
Total
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